Kingdom Holding Company announces the interim financial results for the period ending on 30-06-2017 (Six Months)
| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) | 216,303 | -79,975 | - | 129,088 | 67.56 |
| Gross profit (loss) | 204,146 | 136,763 | 49.27 | 354,791 | -42.46 |
| Operational profit (loss) | 369,599 | 37,133 | 895.34 | 257,923 | 43.3 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) | 345,391 | 34,548 | 899.74 |
| Gross profit (loss) | 558,937 | 411,232 | 35.92 |
| Operational profit (loss) | 627,522 | 266,249 | 135.69 |
| Earning or loss per share, Riyals | 0.09 | 0.01 | - |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Reasons of increase for qurter compared with same quarter last year to increase in income from and gain on investments in addition to increase in dividends income, increase in other gains and increase in share of results from equity-accounted investees. Despite of increase in financial charges and General and administrative expenses. |
| Reasons of increase (decrease) for period compared with same period last year | Reasons of increase for period compared with same period last year to increase in income from and gain on investments in addition to increase in dividends income, increase in other gains and increase in share of results from equity-accounted investees. Despite of increase in financial charges and General and administrative expenses. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Reasons of increase for quarter compared with previous quarter to increase in hotels and other operating revenues in addition to increase in other gains,increase in share of results from equity-accounted investees and decrease in financial charges. Despite of decrease in income from and gain on investments, increase in general and administrative expenses and hotels and other operating expenses |
| Reclassifications in quarterly financial results | Comparative figures of the same period last year were reclassified to be consistent with current figures |
| Other notes | The total revenue for the current period is amounting to SAR 1,202 million compare to SAR 1,104 million for the same period last year represent a decrease of 8.9%. The total revenue for the current quarter is amounting to SAR 540 million compare to SAR 464 million for the same quarter last year represent an increase of 16%. The total comprehensive income for current quarter is amounting to SAR 1,674 million compare to losses of SAR 38 million for the same quarter last year. The total comprehensive income for current quarter is amounting to SAR 1,674 million compare to SAR 395 million for the previous quarter represent an increase of 324 %. The total comprehensive income for current period is amounting to SAR 12,069 million compare to losses of SAR 1,444 million for the same period last year. The shareholders equity for current period after deducted the minority interest is amounting to 29,647 million compare to 26,496 million for the same period last year represent increase of 11.9%. On 1 January 2017 KHC adopted International Financial Reporting Standards (IFRS) and comparable period. |
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